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2 Flat 1606 Waveland Chi Lake View Chicago IL M

City: CHICAGO ZIP: 60613

Built In: 1906

Lot Size: Less Than .25 Acre

Lot Dimensions: 33X75

Lot Description: Irregular,

# of Units: 2

Unit 1 Floor 1: 2 bedrooms 1 baths $1575

Unit 2 Floor 2: 2 bedrooms 1 baths $1725

Detailed Listing Description

Blaine School District. Lovely two-flat located in walking distance to Southport Corridor! 1st floor is 2 bedrooms 1 bath. 2nd Floor is 2 bedrooms plus den, 1 bath and is flooded with natural light. An abundance of character and spacious floorplan complimented by bay windows and hardwood flooring. Each unit has access to laundry room in basement from rear staircase that has 2 sets of washers and dryers. Enjoy your backyard, perfect for entertaining! One can keep as-is, duplex, or convert to a SF - certainly the area supports both uses very well. Zoning CR-1. Lot size 2,475 ft. Walk to fine dining, boutiques, CTA brown line, gyms, grocers, theaters and more! Living Spaces from a similar unit.

Additional Property Details

Garage & Parking
  • ParkingNone,
  • Number of Parking Spaces0
  • Parking Fee/Lease Amount0
Utilities
  • Tenant Pays Unit 1Electric, Gas,
  • Tenant Pays Unit 2Electric, Gas,
Appliances
  • Appliances Unit 1Stove, Refrigerator, Dishwasher,
  • Appliances Unit 2Stove, Refrigerator,
Schools
  • Grade SchoolBLAINE ELEMENTARY SCHOOL
  • Grade School District299
  • Jr High/Middle SchoolBLAINE ELEMENTARY SCHOOL
  • Jr High/Middle School District299
  • High SchoolLAKE VIEW HIGH SCHOOL
  • High School District299

Comparative Data

Zip Code Comparison: 60613

Listings in this Zip Code average: 2 to 3 units, and are priced at $750,873 to $1,005,200
This listing is 20% more than other 2 unit listings in this zipcode.

Neighborhood Comparison:
CHI - Lake View

Listings in this Neighborhood average: 3 to 4 units, with average prices of $1,039,522 to $1,694,786
This listing is 32% more than other 2 unit listings in this neighborhood.


Calculated Rents
Rental Income : Annual $39,600 Monthly $3,300
Rental Income Stabilized : Annual $41,124 Monthly $3,427
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
$600,0002$300,0003.71%15.150.57%
Income
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$3,300$3,427
Year Total$39,600$41,124
Expense
Total$17,367$17,367
Net Operating Income$22,233$23,757
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Down
Mortgage $7260 $20102 $27362 $2281
Total         $7,260 $20,102 $27,362   $-5,129 $7,260 $2,131
Stabilized         $7,260 $20,102 $27,362   $-3,605 $7,260 $3,655
Custom         $7260 $20102 $27362   $-3605 $7260 $3655




MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments
1450,0002,2815941,6885941,6882,281
2449,4072,2815961,6851,1893,3734,562
3448,8112,2815981,6831,7875,0566,843
4448,2132,2816001,6812,3876,7379,124
5447,6132,2816021,6792,9908,41511,405
6447,0102,2816051,6763,59510,09113,686
7446,4052,2816071,6744,20211,76515,967
8445,7982,2816091,6724,81113,43718,248
9445,1892,2816121,6695,42215,10720,529
10444,5782,2816141,6676,03616,77422,810
11443,9642,2816161,6656,65218,43925,091
12443,3482,2816181,6637,27120,10127,372
13442,7292,2816211,6607,89221,76129,653

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Listing Agent: Kristin Gonnella
Listing Office: Coldwell Banker Residential
2702 W Agatite Ave Chicago

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